Art Institute of Indianapolis and Elements Financial Federal Credit Union - Possibility of Private Student Loan Assistance

I was vaguely aware of the Art Institutes, that it was a big conglomerate of private for-profit colleges, that it shut down in 2018, and that there was a plan for forgiveness of certain federal student loans due to alleged fraud by the university.  Until recently though, I had never been contacted by one of the students.

That changed this week.  An issue came up regarding a private student loan through Elements Financial federal Credit Uunion for the Art Institute of Indianapolis.  

It appears that the Art Institute may have referred students to Elements Financial, if so, students may have an argument under the FTC Holder Rule that any claim they would have against Art Institute might be raised as a defense or partial defense against repayment to Elements Financial.  

This is a complex topic.  If you went to Art Institute of Indianapolis and were financed by Elements Financial or any other lender that was referred to you by the school, I am interested in talking to you, and we might have a shot at getting you some help.  Note that right now I am not dealing in cases involving FEDERAL student loans. 

If you went to any other Art Institute, or have issues regarding federal student loans, I urge you to contact an attorney in your area through the NACA consumer lawyer referral service at www.consumeradvocates.org/find-an-attorney.  

A general information article I found is linked below. I cannot vouch for the accuracy of the entire article, so get a second source before acting on anything contained in this link. 

https://studentloanbattle.com/art-institute-loan-forgiveness.html